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Dec 11, 2012
12/12
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david, i want to drill down on even over this past weekend we heard the fiscal cliff is a cliff. no parachute. bad things happen if we go over it. i have never been persuaded of that. the payroll tax is likely to go up either way. the taxes in the healthcare bill will kickback in no matter what. sequestration could be remedied. is it in your view a slope, a cliff, what is the metaphor, and is there hysteria attached to this that is excessive? >> cliff is a problematic metaphor because it is not like the debt ceiling. it's not even like the government shutdown. you don't necessarily have an enormous market reaction. this is not like the country defaulting on its debt. but it's serious for two reasons. we don't know what the reaction could be. there it is a chance that it could spook the markets. the second thing, the combine pieces of this passage is a combined 4% of the gdp. if they went into affect and remained in affect not just for a couple of weeks but for the full year it's hard to see how the economy avoids a recession next year. it's not guaranteed but it's more than enoug
david, i want to drill down on even over this past weekend we heard the fiscal cliff is a cliff. no parachute. bad things happen if we go over it. i have never been persuaded of that. the payroll tax is likely to go up either way. the taxes in the healthcare bill will kickback in no matter what. sequestration could be remedied. is it in your view a slope, a cliff, what is the metaphor, and is there hysteria attached to this that is excessive? >> cliff is a problematic metaphor because it...
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Dec 6, 2012
12/12
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CNBC
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as soon as the holidays end, we're most likely going to go over the fiscal cliff. something that could crush the consumer. all of which means it's a very confusing moment. we want to stick with best of breed that can come bouncing back whenever our leaders reach a deal. companies like ascena retail group, asna. formally known as dress barn. we've been fans because they have a terrific model. own multiple niche brands, maurice's for 20-something women, dress barn, appeals to a more middle aged woman, and charming shops, giving them two successful plus-sized chains. i believe in this deal because they have a record of making transitions work. the stock got slammed today, falling 4.3%, they delivered a four-cent earnings beat, revenues were in line, but still rose 48% year-over-year. and they reaffirmed their guidance for 2013, numbers slightly less than what some on wall street were expecting. what happened here, i think, is the stock ran 35% for the year. expectations got to elevated for some, well, they say they were disappointed. let's talk to the president and ce
as soon as the holidays end, we're most likely going to go over the fiscal cliff. something that could crush the consumer. all of which means it's a very confusing moment. we want to stick with best of breed that can come bouncing back whenever our leaders reach a deal. companies like ascena retail group, asna. formally known as dress barn. we've been fans because they have a terrific model. own multiple niche brands, maurice's for 20-something women, dress barn, appeals to a more middle aged...
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Dec 9, 2012
12/12
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the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so the president believes he has the higher ground. i think maybe the democrats have a deeper trench, if you will. they have public on their side. but if you talk to people in washington, there's still this sense that at a last minute, reason will prevail, but there's not a lot of optimism. you know this and my colleagues know this, more and more people are talking about the threat. not only if you don't deal with this, you'll send the united states back in a recession, but that the global economy is teetering. they're in their political vaults and maybe blind to the political stakes. >> ken, let
the threat of going over the fiscal cliff is overblown. it will get done. an 11th hour deal. john, as you read the politics at play, what do you see? >> i see both sides digging in. you've just played the president saying i want that rate hike. the republicans are saying mr. president, we'll give you the revenues, but not through a rate hike, but the president believes he won the election and he's upped the ante. says he wants twice as much in tax revenues than a year and a half ago, so...
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Dec 7, 2012
12/12
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FOXNEWS
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no the policy show the public will blame the gop if we go over the fiscal cliff. if that's the case, if he won't deal unless the republicans agree to raise the top rates or revenues, then boehner needs to understand this reality and not under any circumstances surrender or appear weak. now what that means specifically is boehner cannot allow himself to begin to negotiate with himself anda republicans because all that will do is vindicate and reward obama's inflexibility and cause a fierce fight within the gop and conservative. i get the feeling with each and every day as republicans move closer and closer to the obama position, that they are too afraid to go over the clip. they are too willing to make a deal, any deal, no matter how bad that might be. that's the danger. and there's a feeling out there these days in terms of the body language and the posture of the republican leadership, that's the direction they are headed. they look like they are atrade. they look like they want to deal and if they don't get one, the world is going to come crashing down on them.
no the policy show the public will blame the gop if we go over the fiscal cliff. if that's the case, if he won't deal unless the republicans agree to raise the top rates or revenues, then boehner needs to understand this reality and not under any circumstances surrender or appear weak. now what that means specifically is boehner cannot allow himself to begin to negotiate with himself anda republicans because all that will do is vindicate and reward obama's inflexibility and cause a fierce fight...
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Dec 11, 2012
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will a fiscal cliff deal be done in time? why don't you register your opinion. finance.cnbc. cast your vote. results will come up later on "power lunch." sue. >> we have a triple digit rally on the floor of the new york stock exchange with the dow jones industrial just off the highs of the trading session. we're up 109 points on the dow despite the gridlock in washington. nasdaq is up 41 points and s&p 500 is up 13 points. all three of those averages moving back above their 50-day moving average. first time we've seen that since october. trader from cnbc, and ceo of destination wealth management. ken y, i'm going to start with you. you were champing at the bit listening to the interview that was done in washington. why is this market up triple digits? is it up because they think there is a deal or isn't a deal? >> very interesting. i'm beginning to think the market is rallying because there is no deal, we're going over this cliff. let's not forget, it was a bipartisan committee that couldn't come to an agreement which created the situation we're in. that senator said one side
will a fiscal cliff deal be done in time? why don't you register your opinion. finance.cnbc. cast your vote. results will come up later on "power lunch." sue. >> we have a triple digit rally on the floor of the new york stock exchange with the dow jones industrial just off the highs of the trading session. we're up 109 points on the dow despite the gridlock in washington. nasdaq is up 41 points and s&p 500 is up 13 points. all three of those averages moving back above their...
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Dec 5, 2012
12/12
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and if they can come to a deal, then i think we can avoid the fiscal cliff. >> and do you think that -- somebody put this idea out here. and this idea is really vile. i'll use the right word. i think you'll agree. here's the idea. let's go off the cliff, just for purely political reasons, nothing happens immediately, and then, you know, you all come back in session in early january, and you give the middle class a tax cut, and you give the wealthy a tax cut, they'll pay more than they're paying now but less than 39.6.% is that possibly what both sides are angling to? >> you use the word vile and i'll echo that word. i think going over the cliff is a disaster. i think social leaders negotiate the best deal they possibly can, and let's try and get this done. i would not be for playing a game of chicken, if you will, or trying to fool the american people who are pretty dadgum smart when it comes to these sorts of things. >> do you fear the right wing of your own party, a wing that says any revenue, as you heard jim demint say, no revenue, not part of the deal. do you think that's going
and if they can come to a deal, then i think we can avoid the fiscal cliff. >> and do you think that -- somebody put this idea out here. and this idea is really vile. i'll use the right word. i think you'll agree. here's the idea. let's go off the cliff, just for purely political reasons, nothing happens immediately, and then, you know, you all come back in session in early january, and you give the middle class a tax cut, and you give the wealthy a tax cut, they'll pay more than they're...
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Dec 11, 2012
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optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the austerity inspired by angela merkel. in particular, he is drawing attention to this. which is the spread of the extra that investors demand to hold italian bonds over german bonds. i've shown this to you a couple times. over the last year it's been a mainstay of a lot of the italian business broadcasts internally. they say our bonds are currently trading so many basis points above the germans on their hourly bulletins. that was one of the reasons why at the height of it berlusconi was kicked out of power. he's saying now this is a total calm. italia
optimism there will be a deal on the fiscal cliff. you have optimism that the recapitalization of the banks is going to be delayed by another year according to the bank of italy. and you have optimism as well on mar of election promises as we now face the pros wekt of a much earlier election in italy. to that end it is fascinating. sylvia berlusconi has come out today warning about the germano center of politics. in other words, too much of a focus on what is happening from germany and the...
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Dec 10, 2012
12/12
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do you think the economy has already suffered for lack of a deal to avoid the fiscal cliff? >> i think so. if we look at business investments declining in the third quarter, some as business nervousness. businesses are holding back on investment, near-term. lori: do agree the fittest and all they all they can in expecting an announcement of wanted it using three this week? the fed cannot solve this problem. >> they need to avoid most of the spending cuts and tax increases with economy likely to go under recession. the fed can help out somewhat but if we see those spending cuts and tax increases, we're likely to see it go back and ino recession. lori: purchasing the short-term, we invest in the long-term help in the mortgage market. we have seen a real those haitian, is it fair to say it has helped those housing in the economy? >> absolutely. housing prices are start to increase. buying long-term treasuries, buy mortgage-backed securities to help push down mortgage rates, affordability is incredibly kind giving low mortgage rates and the big price declines we've seen since th
do you think the economy has already suffered for lack of a deal to avoid the fiscal cliff? >> i think so. if we look at business investments declining in the third quarter, some as business nervousness. businesses are holding back on investment, near-term. lori: do agree the fittest and all they all they can in expecting an announcement of wanted it using three this week? the fed cannot solve this problem. >> they need to avoid most of the spending cuts and tax increases with...
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Dec 11, 2012
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a key democrat talks about medicare cuts that could be part of a fiscal cliff deal. we talk with maryland congressman chris van hollen. >> tom: i'm tom hudson. two hurricanes in two years for the northeast-- a region not used to big storms comes to terms with the cleanup and cost. >> susie: and it's green monday, one of the most popular days for online shoppers. we've got details. >> tom: that and more tonight on nbr! >> susie: president obama was in michigan today, campaigning on his plan to avert the fiscal cliff. speaking to union workers at the daimler detroit diesel engine plant, the president said he is willing to compromise "a little bit" with republicans on getting a plan for economic growth, job creation, and reducing the deficit. but he said he would not compromise on raising tax rates for high-income earners. >> and that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks, and then we're asking students to pay higher student loans, or suddenly,
a key democrat talks about medicare cuts that could be part of a fiscal cliff deal. we talk with maryland congressman chris van hollen. >> tom: i'm tom hudson. two hurricanes in two years for the northeast-- a region not used to big storms comes to terms with the cleanup and cost. >> susie: and it's green monday, one of the most popular days for online shoppers. we've got details. >> tom: that and more tonight on nbr! >> susie: president obama was in michigan today,...
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Dec 7, 2012
12/12
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the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the road show coupled with the social media campaign is unprecede unprecedented. this is the kind of effort that helped president obama win a second term. now we'll see if his grassroots army can convince republicans to do what's right by the american people. i'm joined tonight by democratic strategist donna gentile-o'donnell and msnbc political analyst and georgetown university professor, michael eric dyson. great to have you with us tonight. >> thank you. >> i just want to go right to this poll. this quinnipiac poll was released today, and it shows the majority of the american people want tax rates to
the president has asked the american people to put pressure on congress to accept a deal in fiscal cliff negotiations. the white house is pulling out all stops and cranking up the social media campaign. president obama has been encouraging supporters to tweet with the #my2k, explaining what a $2,000 tax increase would mean for them and their families. the white house reports the hash tag has appeared in over 275,000 tweets with twitter seeing more than 18,000 tweets per hour add its peak. the...
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Dec 9, 2012
12/12
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if we gopher 00 fiscal cliff the republicans who are in complete disarray will be blamed. both parties in their own way are putting the country at risk, the risk of a recession because of politics. >> all right. and pat, the republicans will get more blame. we know that already. but ultimately the president of the economy goes may pay the price as he did last august. the problem i have is with what doug said the republicans are in such a disarray. make a case other than we don't want to attack rich people and they lost that in the election and have not been able to make the case that they should have made in the election this year which is on spending and the debt limit. >> go ahead. >> this is bad for the g.o.p. no matter what. and i hate to say this. but, you know, we are either not going appeal to our very conservative base or we're going to tick off people that think that we're not being hard enough. so, this is going to end up. this is going to play badly for the g.o.p. either way. obama set this up. kind of like a dog and pony show to where it's almost like this is j
if we gopher 00 fiscal cliff the republicans who are in complete disarray will be blamed. both parties in their own way are putting the country at risk, the risk of a recession because of politics. >> all right. and pat, the republicans will get more blame. we know that already. but ultimately the president of the economy goes may pay the price as he did last august. the problem i have is with what doug said the republicans are in such a disarray. make a case other than we don't want to...
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Dec 13, 2012
12/12
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cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if you do it on a year basis which is about $110 billion. whatever we come up with as part of an agreement should certainly be able to offset at very least the first year of the sequester. onyou can't get an agreement all the issues, including the tax piece, could you come up with a smaller package to avoid the sequester? of course, that is possible but i don't know how likely. we could do that quickly if people were willing to put together a package of $110 billion in both revenue and cuts to replace the sequester
cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if...
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Dec 12, 2012
12/12
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to avert the fiscal cliff with 19 days to go until a year-end deadline. >> i remain the most optimistic person in this town. but we've got some serious differences. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama traded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >> woodruff: the president originally sought $1.6 trillion in revenue over 10 years, before lowering his target to $1.4 trillion. the money would come from raising rates on the top two percent of wage earners and curbing loopholes. boehner's counter was little changed-- $800 billion in revenues from closing loopholes and capping deductions, but no rate hikes. republicans have also demanded entitlement reform, and in a tuesday interview, the president would not rule out raising the medicare eligibility age by two years to 67. today, his white house spokesman, jay carney, summed up. >> he is willing to make tough choices and he
to avert the fiscal cliff with 19 days to go until a year-end deadline. >> i remain the most optimistic person in this town. but we've got some serious differences. >> woodruff: that downbeat assessment from house speaker john boehner came after he and president obama traded fresh offers this week. >> we spoke honestly and openly about the differences we face. but, the president's calling for $1.4 trillion worth of revenue. that cannot pass the house or the senate. >>...
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Dec 11, 2012
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cliff deal by the end of they year. maryland congressman chris van hollen talked with our darren gersh, and began with an update on the status of the talks. >> well, the good news is that the president and the speaker of the house are now in face-to-face discussions. it's always better to be talking than not. the other development is that increasingly congressional republicans recognize that the position that they had staked out is unsustainable. >> one of the arguments we hear from some democrats is that the fiscal cliff isn't really a cliff, it's more like a slope and you could gradually go down it and the withholding from tax wouldn't kick in for a while and the spending cuts wouldn't hurt the economy for a while. do you think it is good idea to go over the deliver and it is more of a slope. >> no, i think would be a mistake to go over the fiscal cliff because it could set in motion lots of things that could be a drag on the economy. that being said, i think if it's clear that the parties were working toward a negoti
cliff deal by the end of they year. maryland congressman chris van hollen talked with our darren gersh, and began with an update on the status of the talks. >> well, the good news is that the president and the speaker of the house are now in face-to-face discussions. it's always better to be talking than not. the other development is that increasingly congressional republicans recognize that the position that they had staked out is unsustainable. >> one of the arguments we hear from...
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Dec 8, 2012
12/12
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no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the capital, bain got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize this call? and also we understand that he just is making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit? maybe just not all the way to 39.6? >> the phone call was pleasant, but just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if east serious, to come back to us with a counteroffer. >> not a no
no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a...
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Dec 10, 2012
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if it breaks through $19.75, and we get a break through $20, we get a deal on the fiscal cliff - $21.60 is the 52-week high - if a fiscal cliff deal gets done, it breaks through $20, i think it has an upside measure/move target of $21.60. so i am going to be looking to be a buyer above $20. > good to have you on the show. that is andrew keene, president of keeneonthemarket.com. > > thank you. we are running out of time for today. coming up tomorrow: the behind-the-scenes story on why the plug was pulled on circuit city. from all of us at first business, have a great monday! . >>> a homicide investigation in san francisco, the unusual way the victim was found and why police need your help. >>> we have more on the missing man police are looking for this morning. >>> it could affect your drive, it's all ahead on the ktvu channel 2 morning news. this is ktvu channel 2 morning news. >> good morning, thank you for joining us this monday morning, i am pam cook. >> let's see how long this will last, steve. >> two days. >> it's cold at night. >> it is going to
if it breaks through $19.75, and we get a break through $20, we get a deal on the fiscal cliff - $21.60 is the 52-week high - if a fiscal cliff deal gets done, it breaks through $20, i think it has an upside measure/move target of $21.60. so i am going to be looking to be a buyer above $20. > good to have you on the show. that is andrew keene, president of keeneonthemarket.com. > > thank you. we are running out of time for today. coming up tomorrow: the behind-the-scenes story on why...
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Dec 5, 2012
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at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch mcconnell also distanced himself from the boehner plan declining to endorse it yesterday. >> we've wasted enormous amount of time here sparring back and forth in public, and it strikes me it's a good time to get serious about the proposals. so i have no other particular observation than i commend the house republican leadership for trying to move the process along and getting to a point where hopefully we can have a real discussion. >> but why is the the gop still hot on its desire to raise money through cuts and deductions rather than an actual increase in the top end tax rate? well, i think it's likely because the most ductions in states happen to be the higher blue states. in other word
at issue, the $800 billion in new tax revenue he proposed in a fiscal cliff deal which the white house quickly rejected because it does not raise taxes on the wealthy but aims to get the money through cuts in deductions. senator jim demint denounced boehner's plan as a tax hike that will, quote, destroy american jobs and allow politicians in washington to spend even more. senate minority leader mitch mcconnell also distanced himself from the boehner plan declining to endorse it yesterday....
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Dec 5, 2012
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cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those type. those types are coming on to me all the time now. >>> she get's the comedians laughing... >>>that hilarious. >>>and the thinkers thinking. joy>>>okay so. there's wiggle room in the ten commandments is what you're telling me? >>she's joy behar. joy>>>and the best part is that current will let me say anything. what the hell were they thinking? >>>> only on current tv. brought to you by geico 15 minutes can s
cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended...
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republican party that would rather go over the fiscal cliff and have a deal. host: this is a very important change. a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences between them are much greater. the speaker is a little weaker than gingrich was before. the world has changed completely since 1995. guest: i would point out all the focus is on the house. how are you going to get it through the senate? mitch mcconnell is in a tough position. harry reid, he has some people who loves his job. he would like to be along with the progressives. i look at this and i worry because in the camp that believes going over the cliff -- the united states will enter a new recession. i do not see the basic associations on the house and senate side that
republican party that would rather go over the fiscal cliff and have a deal. host: this is a very important change. a lot of people say, 1995 and 1996, the speaker and president clinton were able to cut a deal addicted to their caucuses what will happen. this is a different deal. he could say, if you do not like the steel, it is not clear to me if john boehner wanted the cops as they would take him up on the offer. guest: the parties are much more partisan and split. the ideological differences...
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Dec 10, 2012
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this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that invitation to boehner on friday. >> there are 22 days left till the fiscal cliff deadline. there is no deal yet, but the two leading players are now talking face to face. >>> the colorado doctor kidnapped in afghanistan is safe this morning after a daring rescue mission by a team of navy s.e.a.l.s. >> the key to these things is surprise, speed and action. you get in there before they know you're coming. you're to the door before they know what's going on. >>> the upper midwest is digging out from its first major snowstorm. >> minnesota bore the brunt of this weather, some spots getting 16 inches of snow. >>
this may be the critical week for a deal on the fiscal cliff. general electric ceo jeff immelt will tell us what's at stake in the u.s. and around the world. >>> and we'll talk with the ladies from "the talk" who are spending part of the holidays here in new york city. >>> first, here's a look at today's "eye opener at 8:00." >> the white house meeting here between president obama and speaker boehner occurred after the president extended that...
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wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are coming to netflix. they landed exclusive rights to stream disney movies before they air on cable networks. netflix will get some of disney's classic movies. no financial terms of the deal were released. and just in time for the holidays, starbucks is introducing a $454 gift card. the card is made of etched steel. comes with $400 on it. the reason why it's $450? it costs $50 just to make the card. there will be only 5,000 available and they will only be sold on the website gilt.com. the card comes with a gold level starbucks membership for $400 you can buy 57 cups of starbucks new
wall street investors are waiting for a fiscal cliff deal. stocks were unchanged. the dow lost 13 points while the nasdaq was down five points. bank profits are getting bigger. the financial industry earned $37.6 billion in the third quarter. that's an increase of more than 6% and it could lead to more lending. there's good news on the housing front. a survey shows housing prices were up more than 6% in october. that's the best gain in six years. starting in 2016 the disney characters are...
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Dec 12, 2012
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negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes
negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for...
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Dec 8, 2012
12/12
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but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i think that's helpful. >> the president has the upper hand on the politics right now. i mean, there are more people who make less than there are in the top 1%, top 5% or whatever. but will it create jobs? and while the president has spent most of this negotiation process talking about taxes, he hasn't talked about cuts as much as we want to see. >> joining me now, congressional reporter for roll call meredith shiner and washington bureau chief for "usa today" susan page. susan, you heard congressman cummings there say he now gives the deal a 70% chance of happening as opposed to a few days ago when it
but one prominent democrat today suggesting he's more confident a fiscal cliff deal will get done. >> three days ago i would have said that the chances of something being worked out were at best 20%. i feel a little bit more comfortable believing that something is going to be worked out, give it about a 70% chance. the fact that boehner and the president have pretty much gotten to a point where they'll be sitting down trying to work this out as opposed to a lot of cooks in the kitchen, i...
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Dec 6, 2012
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this fiscal cliff we talk about, i'm afraid, is no bungy jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame obama for the weak economy, they still blame w. this isn't about right or wrong. that's what w. did and his crowd did. i want president obama to do what he looks like he's already doing, getting it done right and on
this fiscal cliff we talk about, i'm afraid, is no bungy jump. what doesn't go down doesn't by necessity go back up. this is why i'm warmed that the president is working here for an early deal, one before christmas. this country needs to get back on its feet economically. we went under financial chaos under work. president obama came in to right things. he's been doing it, gradually getting us to forget how bad things were. they don't blame obama for the weak economy, they still blame w. this...
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Dec 13, 2012
12/12
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cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if you do it on an year basis. which is about $110 billion. whatever we come up with as part of an agreement should certainly be able to offset at very least the first year of the sequester. if you can't get an agreement on all the issues, including the tax piece, could you come up with a smaller package to avoid the sequester? of course, that is possible but i don't know how likely. we could do that quickly if people were willing to put together a package of $110 billion in both revenue and cuts to replace the seq
cliff deal? >> yes, i think one of the reasons that the sequestration has gotten less attention is because the operating assumption -- more than assumption, i think the operating understanding of people involved in discussions is if you can resolve the other pieces then you can use the deficit reduction achieved from the other components, both the revenue component and the cut component to replace the sequester. whether you replace it on a 10 year basis which costs about $1 trillion or if...
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Dec 10, 2012
12/12
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getting a deal to avert the fiscal cliff, president made it very clear he is holding the line on hiking taxes on the top 2% of earners. customizing a little bit with republicans. joining us, peter barnes. what exactly is he willing to compromise on? >> on the big item, the big kahuna. increasing taxes on families earning more than $250,000 per year history leaving the door open to a compromise on higher tax rates, higher rates. when anas repea asked repeatedls demanding the top rates return to the clinton administration in and the top rate was 39.6, he does not say yes, have to have that to get a deal. but he is not backing off his demands rates go up by some amount of wealthier families so the buzz is he might settle or compromise for something in between like 37%. there is speculation the president might compromise on the cut off my degree and a higher threshold by 500,000 per year before higher rates would kick in. in a speech in detroit the president extended a little olive branch republicans. >> i have said i would work with republicans on a plan for economic growth, jobs creation
getting a deal to avert the fiscal cliff, president made it very clear he is holding the line on hiking taxes on the top 2% of earners. customizing a little bit with republicans. joining us, peter barnes. what exactly is he willing to compromise on? >> on the big item, the big kahuna. increasing taxes on families earning more than $250,000 per year history leaving the door open to a compromise on higher tax rates, higher rates. when anas repea asked repeatedls demanding the top rates...
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Dec 10, 2012
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in addition to more equity as you buy in advance of a fiscal cliff deal. >> michael, thanks. see you a little later. >> be sure to tune in tomorrow for cnbc's special fiscal cliff coverage live from washington, mission critical, rise above d.c. jim cramer, brian sullivan, mar maria and they will talk about how they will stand and how they will do their part it rise above partisan politics and reach a deal. >> one of the big debates involves housing. including what could happen to the mortgage interest deduction in their state if we do good over the cliff? our real estate correspondent, diana, here with exclusive data. diane? >> that right, tyler. talk to anyone in the real estate business and they say getting rid of or shrinking the mortgage rate reduction, specifically by raising home prizes, we wanted to look at who get the most and where. we are doing that with an exclusive calculation run by cnbc by lending tree. who gets the most category? taking into account mortgage size and income. borrows in hawaii and washington, d.c. get the greatest benefit. from 3 to 5%. californ
in addition to more equity as you buy in advance of a fiscal cliff deal. >> michael, thanks. see you a little later. >> be sure to tune in tomorrow for cnbc's special fiscal cliff coverage live from washington, mission critical, rise above d.c. jim cramer, brian sullivan, mar maria and they will talk about how they will stand and how they will do their part it rise above partisan politics and reach a deal. >> one of the big debates involves housing. including what could happen...
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Dec 11, 2012
12/12
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the tape is obviously telling us there clearly has to be a deal on the fiscal cliff. i am not sure there are lots of folks i talk to who are believers. a lot of people continue to sit on the sidelines and watching the market work higher and are getting a little bit uncomfortable which were not so far on the sidelines. that is what makes the market. liz: i don't know if he does yos talk a lot about operation twist or seen the expiration of that, that is coming to the end. today you have some energy complex moving higher. natural gas not so much, but how closely tied our prices of natural gas and gasoline into what happened as far as a fiscal cliff is concerned in how people feel about the discretionary income they have an in the monen their wallets? >> the fiscal cliff stuff, i am on the sidelines. we are in a range. if you look at the volatility, we are at the lowest points of the year right here. has not been this year since last year. but 21%. that tells the a lot of people are on the sidelines. look at the range we have been in. everybody got excited. nobody got ex
the tape is obviously telling us there clearly has to be a deal on the fiscal cliff. i am not sure there are lots of folks i talk to who are believers. a lot of people continue to sit on the sidelines and watching the market work higher and are getting a little bit uncomfortable which were not so far on the sidelines. that is what makes the market. liz: i don't know if he does yos talk a lot about operation twist or seen the expiration of that, that is coming to the end. today you have some...
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Dec 12, 2012
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. >>> all right, less than three weeks to go until that so-called fiscal cliff, and still no deal. but this morning, there are signs of some movement in negotiations. president obama and house speaker john boehner did speak by phone last night. that conversation came after the president offered to reduce his initial request for $1.6 trillion in new revenue to $1.4 trillion but is reportedly not backing down on raising taxes for the top 2%. boehner's spokesman said republicans are still seeking further concessions on spending cuts. >>> well, there are some new details this morning on that london nurse who took her own life after passing through a prank call at the hospital that was treating kate middleton for extreme morning sickness. jacintha saldanha's family reveals that she left a suicide note, though they haven't released details of what that note said. earlier this week, the two deejays who made the call said the tragedy has left them shattered, gutted and heartbroken. >>> now, here's your first look at this morning's "dish of scrambled politics." mitt romney wasn't the only o
. >>> all right, less than three weeks to go until that so-called fiscal cliff, and still no deal. but this morning, there are signs of some movement in negotiations. president obama and house speaker john boehner did speak by phone last night. that conversation came after the president offered to reduce his initial request for $1.6 trillion in new revenue to $1.4 trillion but is reportedly not backing down on raising taxes for the top 2%. boehner's spokesman said republicans are still...